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Ann: Presentation ASX Small and Mid-Cap Conference, page-20

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filby

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21/09/23

23:28

Post #: 69968234
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Originally posted by filby: ↑

From a google search of IEA we can see that largest car market in the world is China where one in three of new cars sold are EV's.

China are dominant by volume accounting for 60% of all new EV's sold so far this year.

one in five of Europes new cars are EV and only 8% of the US are EV's.

it is a changing market.

From personal experience I can say that EV's are incredibly cheap to run and maintain. Aside from tyres I have spent less than $200 on maintenance after 71,000 kms.

Fuel is very cheap and the car is getting better with every software update.

There are cars out there that have done over 300,000 kms on their original battery pack.

As the Chinese export more EV's the price will continue to fall and become parity with petrol cars. BYD have bought 7 car carrying ships to enable exports to match the release of their cheaper models.

Consumers will vote with their feet and wallets IMO.

This a transformation that can't be stopped.

Expand

So I guess the question in my mind is who is the 'Marquee' EV company?

The assumption given the October 4th Europe visit is that it is a European group

so who are they?

VW
Mercedes
BMW
Stelantis
Renault
Tata who own Land Rover
Volvo owned by the Chinese
MG owned by the Chinese

maybe missed some but makes me wonder who they are meeting?

ADO Price at posting: 2.9¢ Sentiment: Hold Disclosure: Held
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Ann: Presentation ASX Small and Mid-Cap Conference, page-20

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